President Suggests Vietnam, Brunei Enhance Bilateral Trade

President Nguyen Xuan Phuc has suggested Vietnam and Brunei strive to raise their two-way trade turnover to US$500 million by 2025 in a more balanced direction.
May 18, 2022 | 08:34
President Suggests Vietnam, Brunei Enhance Bilateral Trade
President Nguyen Xuan Phuc (right) hosts outgoing Brunei Ambassador Pengiran Haji Sahari bin Pengiran Haji Salleh. Photo: VGP

On May 17, President Nguyen Xuan Phuc received Brunei Ambassador Pengiran Haji Sahari bin Pengiran Haji Salleh who has successfully ended his working term in Vietnam.

Phuc commended Haji Salleh for his practical contributions to the Vietnam – Brunei relations during his eight-year term, highlighting the diplomat’s role in elevating bilateral relations to a comprehensive partnership in 2019.

He noted that despite impacts of the Covid-19 pandemic, the Vietnam – Brunei relations have always been promoted across spheres, with two-way trade reaching US$310 million last year and US$328 million in the first four months of this year alone.

Phuc called on the Brunei government to further facilitate the operations of Vietnamese businesses and increase the number of its scholarships for Vietnamese students.

President Suggests Vietnam, Brunei Enhance Bilateral Trade
Two-way trade reached US$310 million last year. Photo: VNA

The two countries should coordinate and cooperate closely at regional and international forums such as the Association of Southeast Asian Nations (ASEAN), the Asia-Pacific Economic Cooperation (APEC) forum and the United Nations, he continued.

Regarding the South China Sea (Bien Dong Sea) issue, Phuc urged the two sides to coordinate closely with ASEAN to maintain its common voice and ensure peace, security and stability in the regional waters by promoting the implementation of the Declaration on the Conduct of Parties in the South China Sea (DOC) and negotiating an effective and substantive Code of Conduct (COC) in accordance with international law and the 1982 United Nations Convention on the Law of the Sea (1982 UNCLOS).

For his part, Ambassador Haji Salleh thanked the government, ministries and localities of Vietnam for their support during his tenure, and pledged to continue supporting the Brunei – Vietnam relations.

Vietnam and Brunei established diplomatic ties on February 29, 1992. Since then, the two countries have regularly exchanged visits and high-ranking meetings./.

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